Question: When the debtor sets aside money in a trust such that the investment and any return will be sufficient to pay the principal and the
When the debtor sets aside money in a trust such that the investment and any return will be sufficient to pay the principal and the
interest to the creditor, but the creditor does NOT release the company from the primary obligation to settle the debt, the
arrangementis known as
substantive repayment.
insubstance refunding.
legal defeasance.
insubstance defeasance.
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